Harriet Green has unexpectedly quit as chief executive of Thomas Cook after just two years in charge of the tour operator. Ms Green has been widely hailed for her turnaround of Thomas Cook, which was in turmoil and battling for survival when she became chief executive two years ago.26 Nov 2014
Saga’s (LON:SAGA) share price has climbed higher in today’s session, even as the lifestyle group posted a slump in half-year profits. The company, however, reaffirmed its full-year profit guidance and said that it had made progress against the strategic reset of its business.
Former Stobart Group boss prepares bid for troubled lorry firm Eddie Stobart By CITY & FINANCE REPORTER FOR THE DAILY MAIL
PUBLISHED: 21:51, 18 September 2019 | UPDATED: 21:51, 18 September 2019
View comments The former boss of Stobart Group, Andrew Tinkler, is preparing a bid for the separate troubled lorry firm Eddie Stobart.
Tinkler, 56, has joined private equity firm Dbay in expressing an interest for the haulage firm, which is floundering in the wake of accounting errors.
He has met City investors to seek backing for a bid, but is not thought to have secured substantial funding.
Former Stobart Group boss Adrew Tinkler, pictured, has joined private equity firm Dbay in expressing an interest for separate troubled lorry firm Eddie Stobart +1 Former Stobart Group boss Adrew Tinkler, pictured, has joined private equity firm Dbay in expressing an interest for separate troubled lorry firm Eddie Stobart
A cut-price sale of Eddie Stobart would be a blow for under-fire fund manager Neil Woodford, the largest shareholder with a 23 per cent stake.
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Potash mine crisis sends shockwaves through North York... Tinkler helped build Stobart Group into a well-known British infrastructure company and had been its chief executive until 2017, but was ousted in a bitter spat.
He failed in a bid for struggling airline Flybe earlier this year.
Eddie Stobart this week said it made £450million in revenue for the first six months of the year and had £155million of debt.